With __________,a company has a foreign firm manufacture the goods that it sells as its own.

Question

Quizplus · Accepted Answer

Contract manufacturing refers to when a company contracts with a foreign firm to manufacture the goods that the company sells under its own brand name. This can be a cost-effective way for a company to expand globally without having to invest in its own manufacturing facilities or take on the risks associated with direct investment or joint ventures. Licensing involves allowing a foreign company to use a company's intellectual property (such as trademarks or patents), while direct investment and joint ventures involve a company making a more significant investment in a foreign market by establishing its own operations or partnering with a local firm.

With __________,A Company Has a Foreign Firm Manufacture the Goods